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Tamilnad Mercantile Bank shares surge 5% after strong Q1FY27 business update
Tamilnad Mercantile Bank shares rose sharply on Thursday after the lender reported strong Q1FY27 business growth. Total business rose 23% year-on-year, driven by a 27% jump in advances and nearly 20% growth in deposits. Rising institutional ownership and a bullish technical setup further supported investor sentiment toward the stock.
Lodha, Aditya Birla Real Estate Preferred Over DLF, Godrej Properties — Check Target Prices, Ratings by Motilal Oswal
Most real estate players in the sector are now trading at a 10-35% discount to their respective NAVs
Bajaj Auto total sales increase 28% in June
Bajaj Auto has reported a robust 28% year-on-year jump in total sales for June, reaching 4,63,202 units. This impressive growth was fueled by a significant 47% surge in exports, alongside a healthy 11% increase in domestic sales. The company's two-wheeler segment also saw a strong 30% rise. For the June quarter, overall sales climbed 29%, with exports nearly doubling.
Adani Ports reports 18% cargo volume growth in June, takes Q1 volumes to 138 MMT
While Adani Ports has not given a specific cargo volume guidance for the full year, it expects its topline to grow between 11% to 16% from last year to ₹43,000 crore to ₹45,000 crore.
JSW Infra Secures Rs 7,503 Crore Through QIP For Multi-Year Capex
JSW Infrastructure said the proceeds will fund growth plans, while the transaction also helped broaden its institutional shareholder base.
Honda Cars India sales jump 71% to 8,788 units in June
Honda Cars India witnessed a significant 71% surge in total sales for June, reaching 8,788 units compared to the previous year. This impressive growth, driven by strong demand for the new City and the upcoming ZR-V, signals a positive market response. The company anticipates sustaining this upward trend, with ZR-V deliveries commencing this month, poised to unlock further expansion.
Punjab & Sind Bank's business grows 15% as loans outpace deposits in Q1
Punjab & Sind Bank reported a 15.33% rise in total business for the June quarter, with loans growing faster than deposits. While its CASA ratio declined from a year ago, the lender continued to expand its balance sheet, driven by strong credit growth.
Nissan India's June wholesales rise 16%, domestic sales more than double
Nissan Motor India witnessed a significant 16% year-on-year jump in total wholesales to 8,346 units last month. Domestic sales surged by an impressive 129%, marking the fourth consecutive month of growth, driven by strong demand for the Magnite and Gravite. This positive momentum fuels confidence as the company gears up for the July 9th debut of its new compact SUV, the Tekton.
HMSI posts 23% rise in sales to 5,28,281 units in June
Honda Motorcycle & Scooter India reported a robust 23% surge in total sales for June, reaching 5,28,281 units. Domestic sales climbed 21% to 4.68 lakh units, while exports saw an impressive 47% jump. The first quarter of the fiscal year also witnessed a healthy 17% growth in total vehicle sales.
Karur Vysya Bank reports 15% rise in Q1 deposits, advances grow 17% YoY
Karur Vysya Bank reported healthy provisional business growth for the June quarter, with total deposits rising nearly 15% and advances increasing over 17% year-on-year. Shares of Karur Vysya Bank Ltd were trading at ₹297.90, up 0.61%.
Escorts Kubota tractor sales up 19.1% at 13,695 units in June
Escorts Kubota reported a 19.1% surge in total tractor sales for June 2026, reaching 13,695 units compared to the previous year. Domestic sales climbed 19.8%, while exports saw a 4.4% increase. Despite a delayed monsoon impacting Kharif sowing, improved wholesale and retail performance fueled this growth. The company remains watchful of monsoon progress and El Nino's effects on rural sentiment and future growth.
VST Tillers Tractors reports 3% growth in June 2026 sales
VST Tillers Tractors reported a 3.02% year-on-year increase in total sales for June 2026, with overall volumes rising to 8,107 units from 7,869 units in June 2025.